PHOENIX, USA: With the world focused on clean fuels, the MAC Global Solar Energy Index Total Return closed strongly higher with two months of steady gains from $385 to yesterday’s close of $460. As the world begins its search for clean energy technologies, solar companies, such as Evolution Solar Corp (EVSO), are positioned to see strong growth in investor interest.
The Index was developed and is maintained by MAC Indexing, LLC, an affiliate of Melvin & Co. that specializes in clean energy equity research and index development.
Solar power is gaining popularity these days, with the federal government directing billions of dollars in stimulus tax breaks toward development and Congress wrestling with energy and climate bills that could boost renewable energy even more. Solar is clean, it is ready and prices per kw have fallen significantly in the last year, putting it within reach of many energy hungry industries.
EVSO builds on a strong set of relationships in China that allow it to compete for contracts with much larger competitors such as, Sun Power, First Solar, Trina Solar and LDK Solar.